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Pennsylvania

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  • Wolf names picks for education, labor and industry Monday, 19 Jan 2015 | 1:46 PM ET

    HARRISBURG, Pa.— Gov.-elect Tom Wolf has named Lancaster school Superintendent Pedro Rivera as his choice for secretary of the Department of Education and former state lawmaker Kathy Manderino to become secretary of the Department of Labor and Industry. Ed Rendell also tapped a head of the Lancaster district, Vicky Phillips, as his first pick to head the...

  • After Alliance ends, who will promote Atlantic City? Monday, 19 Jan 2015 | 11:10 AM ET

    ATLANTIC CITY, N.J.— Abolishing the Atlantic City Alliance, the marketing arm of the casinos that urged people to "Do AC" and staged big, free public events to promote the resort city, is a key element of state plans to help the city recover from its financial crisis. But if legislation proposed by two Democratic state senators— one of them a former Atlantic City mayor—...

  • Months after he landed in Florida's Manatee County Jail, Jovon Frazier's pleas for treatment of the intense pain that radiated from his left shoulder to his elbow were met mostly with Tylenol. Frazier, then 18, wrote the second time he asked for care, in August 2009. That company, Corizon Health Inc., is under growing pressure around the country after losing five...

  • WASHINGTON— Republicans running Congress have promised to use every weapon in their arsenal to take down President Barack Obama's health care law. It's the only filibuster-proof option available to Republicans, who control the Senate with 54 seats but must still muster 60 votes to pass other legislation. Ted Cruz, R- Texas, told a Heritage Foundation gathering...

  • POTTSVILLE, Pa.— Yuengling bills its Pottsville, Pennsylvania, brewery as the oldest in the nation, but its beer won't be served at Democrat Gov.-elect Tom Wolf's inaugural celebration. Mike Vereb told The Philadelphia Inquirer he doesn't think it's an accident that Yuengling was left off the list of beers being served at Tuesday night's party.

  • NEW YORK, Jan 16- U.S. stocks rallied on Friday after five sessions of losses, helped by a sharp rebound in energy shares and data that signaled the U.S. economy was on track for solid growth. U.S. crude oil futures settled up 5.3 percent after the International Energy Agency forecast the market downtrend would end. "You had a pretty strong consumer confidence report...

  • US rig count plunges by 74 to 1,676 Friday, 16 Jan 2015 | 2:02 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. tumbled by 74 this week to 1,676.. Of the major oil- and gas-producing states, Texas' count dove by 44, North Dakota dropped six, Oklahoma fell five, California and Wyoming each lost four and New Mexico declined by three. Arkansas, Kansas and West...

  • Alaska seafood processor sells stake to StarKist owner Friday, 16 Jan 2015 | 11:33 AM ET

    SITKA, Alaska— A seafood processor based in Alaska has sold a 12 percent ownership stake to the parent company of StarKist Co., giving the South Korea tuna producer greater access to salmon. The sale to Dongwon Industries by Sitka- based Silver Bay Seafoods has been public since November, but the Alaska processor outlined details this week to the Sitka Chamber of...

  • CRANBERRY, Pa.— A food cooperative that sells fundraising programs to schools is laying off 43 workers at it western Pennsylvania office. The Butler Eagle reports Market Day in Cranberry Township has filed notice with the state Department of Labor and Industry that it plans to lay off the workers about March 7. The Cranberry Township location is in Butler County,...

  • CLEARFIELD, Pa.— A central Pennsylvania hospital is cutting 30 jobs, not filling 11 others and reducing hours for 50 other workers. About 65 percent of the hospital's revenue comes from Medicare and Medicaid. The 96- bed hospital about 100 miles northeast of Pittsburgh opened in 1901, and is part of the Penn Highlands Healthcare network.

  • PNC Financial Services tops Street 4Q forecasts Friday, 16 Jan 2015 | 7:12 AM ET

    PITTSBURGH— PNC Financial Services Group Inc. shares gained Friday after the bank reported a better-than-expected fourth quarter. Analysts surveyed by Zacks Investment Research were anticipating earnings of $1.74 per share. Analysts expected $3.81 billion, according to Zacks.

  • WASHINGTON— The Federal Reserve reports on industrial production for December. The report will be released Friday at 9:15 a.m. Eastern. MODEST RISE IN OUTPUT: Economists at JPMorgan Chase forecast that manufacturing output likely increased 0.3 percent last month.

  • The two biggest ETF providers, BlackRock and State Street, lost share last year. By contrast, BlackRock and State Street have been giving up share for years, with Black Rock falling from a 48 percent share at the end of 2008 to 37.9 percent now, and State Street dropping from 30 percent to 22.7 percent in the same period, according to Lipper data. BlackRock fell 0.97...

  • SAN FRANCISCO/ WASHINGTON Jan 15- U.S. healthcare executives say Obamacare is likely here to stay, despite repeated calls from Republican lawmakers for repeal of the 2010 law aimed at providing health coverage for millions of uninsured Americans. Top executives who gathered in San Francisco this week for the annual J.P. Morgan Healthcare conference, say that...

  • TORONTO, Jan 15- Target Corp will exit the Canadian market after less than two years in a surprise retreat that will throw more than 17,000 employees out of work and trigger a $5.4 billion quarterly loss. Minneapolis- based Target, the No. 2 discount chain in the United States, has struggled in Canada since its March 2013 launch. Stores checked by Reuters in Vancouver,...

  • According to the survey, released Thursday by four regional Federal Reserve Banks, 52 percent of businesses with revenue under $250,000 a year said they were rejected for a loan during the first half of 2014. Half of businesses with revenue between $250,000 and $1 million also couldn't get a loan. Loans were approved for 80 percent of businesses that made $10...

  • Pennsylvania casino revenues drop for second year Thursday, 15 Jan 2015 | 2:25 PM ET

    "Increased competition from surrounding states, which are also offering conveniently located casinos to its highest populations centers such as in Pennsylvania, continues to be the biggest impact to growth here," said gaming board spokesman Dough Harbach. Yet Pennsylvania fared well compared to next-door neighbor New Jersey, whose gambling industry...

  • WASHINGTON, Jan 15- U.S. producer prices in December recorded their biggest fall in more than three years on tumbling energy costs while underlying inflation pressures were tame, a cautionary note for the Federal Reserve as it ponders its next step on monetary policy. The Labor Department said on Thursday its producer price index for final demand declined 0.3...

  • UPDATE 3-In surprise move, Target to pull out of Canada Thursday, 15 Jan 2015 | 12:18 PM ET

    TORONTO, Jan 15- Target Corp will abandon its ill-fated expansion into Canada less than two years after launch, the U.S. discount retailer said on Thursday, in a surprise retreat that will put more than 17,000 employees out of work and cost it billions. Minneapolis- based Target, the No. 2 discount chain in the United States, has struggled in Canada since its 2013...

  • WASHINGTON— Factory activity in the Philadelphia region grew at a much slower pace in January compared with the previous month, as orders, shipments and hiring tumbled. The Federal Reserve Bank of Philadelphia said Thursday that its index of regional factory activity fell to 6.3 this month from 24.3 in December. Manufacturing nationwide expanded in December...